Bleak Jobs Outlook Is Bad News For Sellers

Two recent press releases, one from UCLA Anderson Forecast predicting a grim outlook for jobs in CA and one from The Conference Board predicting an equally harsh employment outlook for the nation, will certainly cause local real estate values to continue to fall.

While this is certainly not good news for sellers, it is great news for buyers who have the financial wherewith-all and the courage to act. In our area, “Buyers’ Markets” occur in only two to three years in each decade. Their time has arrived.